PBOC's London debt sale said to be marketed at about 3.3%

Shanghai

THE People's Bank of China is helping cement London's dominance of yuan trading in Europe by conducting its first ever overseas debt sale in the city, a move timed to coincide with a state visit by President Xi Jinping.

The sale's arrangers are marketing five billion yuan (S$1.09 billion) of one-year bills with yield guidance of 3.3 per cent, according to people familiar with the deal who are not authorised to speak publicly and asked not to be identified.